Mortgage applications rose 9.1% for the week ended Aug. 28, according to the Mortgage Bankers Association of America's weekly Mortgage Application Survey.On a seasonally adjusted basis, the Purchase Index increased from 243.1 to 269.4; the Refinancing Index jumped from 1211.9 to 1331.5; the Conventional Index was up from 486.4 to 540.9; and the Government Index rose from 216.4 to 232.1. Refinancings represented 45.5% of total applications, up from 45.2% the previous week, while adjustable-rate mortgages accounted for 7.7%, down from 8.7% the week before. Overall, applications were 72.4% higher than in the same week last year. The address of the MBA's website is http://www.mbaa.org.
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